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Torrent Pharma Plunges 4%; BSE HEALTHCARE Index Up 0.1%
Wed, 24 Jul 9:53

Torrent Pharma Plunges 4%; BSE HEALTHCARE Index Up 0.1%Image source: CreativaImages/www.istockphoto.com

Torrent Pharma share price has plunged 4% and is presently trading at Rs 3,025.8.

Meanwhile, the BSE HEALTHCARE index is at 38,763.9 (up 0.1%).

Among the top losers in the BSE HEALTHCARE index today are DR. LAL PATHLABS (down 1.7%) and Dr. Reddys (down 0.8%).

HIKAL CHEMIC (up 4.0%) and Sanofi India (up 3.6%) are among the top gainers today.

Over the last one year, Torrent Pharma has moved up from Rs 1,941.8 to Rs 3,025.8, registering a gain of Rs 1,084.0 (up 55.8%).

On the other hand, the BSE HEALTHCARE index has moved up from 26,789.0 to 38,763.9, registering a gain of 44.7% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GSK Pharma (up 95.3%), Jubilant Pharmova (up 95.1%) and Lupin (up 92.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,190.2 (down 0.3%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 2.7%) and Bajaj Finance (down 2.3%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,375.4 (down 0.4%). Hindustan Unilever and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,190.2, registering a gain of 13,805.4 points (up 20.8%).

Torrent Pharma Financial Update...

Torrent Pharma net profit grew 20.9% YoY to Rs 4,570 million for the quarter ended June 2024, compared to a profit of Rs 3,780 million a year ago. Net sales rose 10.3% to Rs 28,590 million during the period as against Rs 25,910 million in April-June 2023.

For the year ended March 2024, Torrent Pharma reported 33.0% increase in net profit to Rs 16,564 million compared to net profit of Rs 12,452 million during FY23. Revenue of the company grew 11.5% to Rs 107,278 million during FY24.

The current Price to earnings ratio of Torrent Pharma, based on rolling 12 month earnings, stands at 59.0.


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